Gotta go a step bigger / further out.View attachment 47718
Welcome to TSE Schmi
Yes, clearly things have changed with the Cami website and having given it a bit of thought over night, i refer to the above statement as a possible reason for that.
The second half of that statement is the most poignant imo, .........Entry into MOU will be a significant step towards the development of the Manono project, it will also maintain positive working relationships with all stake holders.
Could it be that MANONO LITHIUM is the amalgamation of the newly formed MOU ?
Now what entities could be involved in that MOU ?
Clearly AVZ will be part of it, CATH too, whispers that CMOC could be involved and of course DRC govt.
Will Zijin be involved ?..........I think not, ICC arbitration will find that ROFR was not legal, therefore they were not a participant in Dathcom in the first place.
What about Cominiere ?.........I think not, they had to cede 15% of their interest in Dathcom to DRC govt regardless.
On that Cami website, there is a clear definition between Roche Dure and CDL.
Could it be that exploitation ML gets awarded to AVZ for RD, thus activating the $240m Cath deal and a JV arrangement is concocted between AVZ, CMOC & CATH to explore CDL ?
Remember, DRC govt wouldnt want such a big project ( CDL ) to lay idle , whilst RD is constructed and AVZ only did a few drills in the southern part of CDL , so not alot of definition work was done on that project the last few years, so it would make sense to get other parties to join AVZ to accelerate that development.
As long as AVZ maintains 51% control, i would have no problem with that scenario.
The win , win ( positive working relationships with stake holders ) is that ICSID court case against DRC govt gets dropped , China still has significant involvement with Manono and tells Dathomir / Cong / Zijin to pull their head in...
Hopefully, come 23/11/23 at the AGM, MOU progress might have reached a stage whereby Nige could reveal more about this equation, therefore MMGA is irrelevant.
Its just my musings and i remain hopeful.
imo
I'm guessing that MoU will also cover something about processing.
That's one of the big sweeteners that we can offer to DRC without giving up project equity or tenements. With CATH as partners, it's also one of the big advantages we have over zijin. CATH have processing experience and can help set that up in the DRC, which is ultimately the bug picture goal for them - much more than just mining royalties. Would be a big win-win.
By comparison what does zijin offer? Mining only, shipped off to be processed in China, often fudging the numbers to minimise tax revenue. Oh and with a side-serve of human rights abuses for the local population.
My question to Nigel would be:
"When stating 'maintain positive working relationships with all stakeholders', who specifically are the stakeholders that will continue to be involved with the project post-awarding of the mining license?"